Can I retire at age 64 with 446,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $446,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.2%
1 years$36,830$36,502$36,182$35,870$35,565$35,091
2 years$18,233$17,893$17,564$17,245$16,936$16,459
3 years$12,034$11,693$11,365$11,049$10,745$10,280
4 years$8,936$8,596$8,271$7,960$7,663$7,214
5 years$7,077$6,739$6,419$6,114$5,825$5,394
6 years$5,839$5,503$5,187$4,890$4,609$4,195
7 years$4,954$4,622$4,311$4,020$3,749$3,352
8 years$4,291$3,962$3,656$3,372$3,110$2,731
9 years$3,776$3,449$3,149$2,872$2,619$2,257
10 years$3,364$3,040$2,745$2,476$2,232$1,887
11 years$3,027$2,707$2,417$2,155$1,919$1,591
12 years$2,746$2,429$2,145$1,890$1,663$1,351
13 years$2,509$2,195$1,916$1,669$1,450$1,155
14 years$2,306$1,996$1,722$1,481$1,271$991
15 years$2,130$1,823$1,554$1,321$1,119$854
16 years$1,976$1,673$1,409$1,183$989$739
17 years$1,840$1,540$1,282$1,063$877$641
18 years$1,720$1,423$1,171$958$780$557
19 years$1,612$1,319$1,072$865$695$485
20 years$1,516$1,226$984$784$621$423
21 years$1,428$1,142$905$711$556$370
22 years$1,349$1,066$834$647$498$324
23 years$1,277$997$770$589$447$284
24 years$1,211$934$712$537$402$249
25 years$1,150$876$659$491$362$219
26 years$1,094$824$612$449$326$192
27 years$1,042$775$568$411$294$169
28 years$994$731$528$376$265$149
29 years$949$689$491$345$239$131
30 years$908$651$458$317$216$115
31 years$869$615$427$291$195$101
32 years$833$582$398$267$177$89
33 years$799$551$372$246$160$79
34 years$767$523$347$226$145$69
35 years$737$496$325$208$131$61
36 years$708$470$304$192$119$54
37 years$682$447$284$177$108$48
38 years$656$425$266$163$98$42
39 years$632$404$249$150$89$37
40 years$610$384$234$138$80$33
41 years$588$366$219$128$73$29
42 years$568$348$206$118$66$26
43 years$548$332$193$109$60$23
44 years$530$316$181$100$54$20
45 years$512$302$170$93$49$18
46 years$495$288$160$86$45$15
47 years$479$275$150$79$41$14
48 years$464$262$141$73$37$12
49 years$449$250$133$68$34$11
50 years$435$239$125$63$31$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 64 starting with $446,000, adding $5,993 every year, while hoping to spend $31,840 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/31/27 Blend
63$446,000$446,000$446,000$446,000
64$497,674$474,036$467,123$514,429
65$514,559$463,386$448,894$516,381
66$532,099$451,147$428,987$515,036
67$550,328$437,208$407,313$512,966
68$569,281$421,450$383,777$510,122
69$588,995$403,749$358,281$506,455
70$609,513$383,973$330,724$501,911
71$630,877$361,981$300,997$496,436
72$653,134$337,627$268,988$489,973
73$676,337$310,753$234,582$482,461
74$700,538$281,195$197,655$473,837
75$725,797$248,777$158,081$464,038
76$752,177$213,316$115,725$452,995
77$779,747$174,617$70,450$440,637
78$808,580$132,472$22,110$426,892
79$838,758$86,666$0$411,685
80$870,367$36,968$0$403,427
81$903,500$0$0$400,897
82$938,260$0$0$403,433
83$974,758$0$0$419,354
84$1,013,113$0$0$436,105
85$1,053,457$0$0$453,744
86$1,095,932$0$0$472,338
87$1,140,692$0$0$491,955
88$1,187,907$0$0$512,674
89$1,237,760$0$0$534,578
90$1,290,451$0$0$557,759
91$1,346,200$0$0$582,317
92$1,405,245$0$0$608,361
93$1,467,847$0$0$636,012
94$1,534,291$0$0$665,399
95$1,604,890$0$0$696,666
96$1,679,984$0$0$729,969
97$1,759,946$0$0$765,479
98$1,845,186$0$0$803,385
99$1,936,150$0$0$843,892
100$2,033,330$0$0$887,225